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Jan 17, 2013
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how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough quarter. john has three important numbers in this report. what are those three? >> with $13.6 mill billion, plus or minus a half billion. and so here are my three numberes. one, pc client group revenues. intel had 8.6 million in revenue. that group overall, expecting to be a little higher in q4 and that has to come from pcs or servers. pc sales are down 4.9% from last year. if that's right, you got to hope servers deliver big for intel. two full year gross margin guidance, with capex spending and particularly important now because of how demand shifts in the pc market. his intel plans running below capa
how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough...
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Jan 16, 2013
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. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how f
. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and...
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Jan 17, 2013
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it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all on oprah, including he is manti te'o's girlfriend. how much of a hit will the armstrong brand take? stay with us. lance. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. omnipotent of opportunity. you know how to mix business... with business. and you...re
it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit....
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Jan 18, 2013
01/13
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economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indis
economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as...
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Jan 17, 2013
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is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five, ten years ago would have struck us as particularly robust. retail sales up half of a percent over the holiday for the month. good number. not an incredible number but a whole lot better than everyone saying oh, this is terrible. >> i think we have the inflation chart. let me put the cpi up. the cpi is falling if i'm not mistaken. for all the talk by the inflationistas of the federal reserve's monetary policy which i basically disagree take a look at that. inflation is one of our problems. quick question. one of the leaders of this market, banks. financia
is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five,...
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Feb 5, 2013
02/13
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it's quite a robust economy, at least compared to spain. so i think ultimately one will drag the other down if there's bad news, but in terms of the underlying correlation, it's quite low. >> they're tied together, head down a steep slow. interesting point. they were looking there at the spanish bond yields. the ten year is perking up, ross. 5.44% is the latest. >> kelly, let's bring everyone up to speed after sharp falls yesterday. europe has a majority of green at the moment. 7 to 3, advancers outpacing decliners. this morning as we track through, up 30 points. the xetra dax down 2.4% yesterday. currently up 14 points. the ibex was down nearly 3.75%. right now the cac 40 up nearly 2%. up today 0.5%. we'll run through these quickly for you. but we have arm holdings came out with better than expected numbers. go straight from that to the debt wall. shall we have a look at debt yields? probably worth taking a very quick look at. ten-year, a 14 basis point rise in spain. 5.44 yesterday. that's pretty much where we finished the session yesterd
it's quite a robust economy, at least compared to spain. so i think ultimately one will drag the other down if there's bad news, but in terms of the underlying correlation, it's quite low. >> they're tied together, head down a steep slow. interesting point. they were looking there at the spanish bond yields. the ten year is perking up, ross. 5.44% is the latest. >> kelly, let's bring everyone up to speed after sharp falls yesterday. europe has a majority of green at the moment. 7 to...
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Apr 22, 2013
04/13
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this is the read on the global economy. there are certain stocks that people keep buying because they keep working and working? this is the fab three. all of them are at historic highs. i tell you, they can do no wrong. >> that's the thing about momentum. one day there will be no more momentum. >> for your consideration, three pieces of information. according to rueteres, 62.3% of companies have reported earnings above expectations. which means you can mess around with earnings. you can't mess around with sales. >> what the point here is when you start seeing a flattening of sales, people don't want to care until they want to. net impact, which we never talked about. up -- down 1%. you have got finally ask the question what's really going on with the business? these businesses are just flat lining. >> any sectors in glaring situations where they are missing on the revenue? >> i haven't seen the trend here. i haven't done a break down but i will tell you we are starting to see this and it's what you have got to watch. what a
this is the read on the global economy. there are certain stocks that people keep buying because they keep working and working? this is the fab three. all of them are at historic highs. i tell you, they can do no wrong. >> that's the thing about momentum. one day there will be no more momentum. >> for your consideration, three pieces of information. according to rueteres, 62.3% of companies have reported earnings above expectations. which means you can mess around with earnings. you...
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Apr 5, 2013
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and later on, the game of thrones economy. how this show has proven a big boon for lands far away. >> the cbo? the volatility, the fear level is up a little bit today. up 4% to 14. still not that high. the vix around 18, 19, 20. probably more worrisome but still probably higher today. >> aside from the weak headline, in march came this scary fact. nearly half a million people simply drop out of the work force. they vanished. with an aging population, some of the losses can be attributed to people retiring but it doesn't likely tell the whole story. first to you, you will dig into these numbers. where are these people going? and how are they making a living? >> who are they? it's very interesting. when you can't answer the question. i want to show you some charts that i calculated here. i was really surprised at the results here. this is the change from january 1990 by age of whether or not the amount of employed and amount in the labor force. what you can see is this whole middle-aged group. it's down in their labor force. and
and later on, the game of thrones economy. how this show has proven a big boon for lands far away. >> the cbo? the volatility, the fear level is up a little bit today. up 4% to 14. still not that high. the vix around 18, 19, 20. probably more worrisome but still probably higher today. >> aside from the weak headline, in march came this scary fact. nearly half a million people simply drop out of the work force. they vanished. with an aging population, some of the losses can be...
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Apr 25, 2013
04/13
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and next gen, talking about this is high end lubricating the economy. invest in next general. airplanes? that's what drives the economy. >> you're totally right. >> while you're worried about that, what are you worried about on the back end? >> i'll tell you. there has been so much bankruptcy and consolidation. 14 new airplanes on a base of 180. so when we talk about what's happening with fuel, some level of hedging but it's really to flatten the volatility. we're going to grow boston and latin america. i look at the first quarter as a lot of hurricane sandy and some pretty specific maintenance costs. >> the maintenance is something that pushed the quarter up. is this something that you see that is structural? is this something that you guys are worried about? >> in. we are very pleased. we have 54 going into the year. at the end of the day, we see the pains before anybody else. let's get 12 motors into the shops in the first quarter. it's going the flattenover the course of the year. >> that's great. it's a world class company. >> we wouldn't have the position in boston witho
and next gen, talking about this is high end lubricating the economy. invest in next general. airplanes? that's what drives the economy. >> you're totally right. >> while you're worried about that, what are you worried about on the back end? >> i'll tell you. there has been so much bankruptcy and consolidation. 14 new airplanes on a base of 180. so when we talk about what's happening with fuel, some level of hedging but it's really to flatten the volatility. we're going to...
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Jan 17, 2013
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. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has d
. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe...
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Jan 22, 2013
01/13
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economy. but we still need to nurture this. what's more, there's a fierce fiscal headwind coming through this year with a 2 percentage point payroll tax increase in the first of january. certainly if you like tr an economic management perspective, it's a good idea not to introduce a load more dosage of uncertainty coming through just in a few weeks' time to let this settle down a little bit and then take a more structured considered balanced look at the fiscal situation, particularly on the spending side during the course of q2. and i think that's really the way i would read what the republicans have agreed to here. and this is the more sensitive approach and should help in the recovery. >> and what does it suggest for global recovery hopes? because global growth has been relatively disappointing over the last 12 to 18 months. if we look to 2013, is a growing u.s. going to help that situation or are we still looking to asia to be in the drivers' seat here? >> we're still looking to asia gentleman and the emerging economies. so
economy. but we still need to nurture this. what's more, there's a fierce fiscal headwind coming through this year with a 2 percentage point payroll tax increase in the first of january. certainly if you like tr an economic management perspective, it's a good idea not to introduce a load more dosage of uncertainty coming through just in a few weeks' time to let this settle down a little bit and then take a more structured considered balanced look at the fiscal situation, particularly on the...
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Jan 17, 2013
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we've been talking about a sluggish economy. it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're offering? >> you know, we've got long relationships now, we're about five years old, with many of the top brands, and they realize this is a great way for them to sell excess inventory and everyone has excess inventory because these are event-based sales. they're quick. and consumers love them. >> i've seen you run out of stock quickly on these things. buy it now or it's gone type of situation. >> yep. >> is it a difficult environment for luxury right now? is that a fair estimation? >> our sector has had a fantastic holida
we've been talking about a sluggish economy. it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how...
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Jan 16, 2013
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grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of the role the federal government plays in americans' lives, and he said that's not a debate he wants to have. he doesn't want to be cutting entitlement programs just because conservatives want to reduce the role of government in americans' lives. is it possible we're having two simultaneous debates at once here? >> well, he's got to reconcile the differences. almost like saying i know i'm overweight but don't ask me to go on a diet. i mean, there's got to be efficiencies found in the federal government. the fact that we're cutting spending doesn't mean that
grow the economy by bringing in some certainty to it. if he wants to fight hard for tax rate increases, he ought to be fighting just as hard for spending cuts. >> you know, governor, he made an interesting point during his news conference this week where he said if -- if this debate is just about reducing the fiscal deficit, he's on board and let's get it done, but he suspects that there are a lot of conservative republicans out there for whom this debate is about the bigger picture of...
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Jan 18, 2013
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it will kill the economy. we already have about the highest combined corporate tax rate investments on the planet. we need to lower that. we need to lower the taxes on capital. we need to bring in more high-skill immigrants. we're talking about raising taxes. it is a policy indulgence on your behalf to raise by 60% investment taxes in an economy that's bei that's barely growing. >> well, i'm all for high-skilled immigrants. let's get the doctors down to the european levels. we'd save $80 billion a year there. >> i want it there for the entrepreneurs, innovation. >> you're there. we're not helping entrepreneurs. but hurting. how about not drilling oil and gas shale in federal lands? there's a whole litany of this stuff. >> wall street crisis, that's why you have dodd-frank. >> this crisis, i don't have time to go through what we have done on dodd-frank is doing more harm than good. we'll leave it there. me, i want 4% to 5% growth. smaller government, fewer regulations and stop paying people not to work! those a
it will kill the economy. we already have about the highest combined corporate tax rate investments on the planet. we need to lower that. we need to lower the taxes on capital. we need to bring in more high-skill immigrants. we're talking about raising taxes. it is a policy indulgence on your behalf to raise by 60% investment taxes in an economy that's bei that's barely growing. >> well, i'm all for high-skilled immigrants. let's get the doctors down to the european levels. we'd save $80...
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Jan 21, 2013
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its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades in the next, say, four to six weeks? >> i think certainly going into the end of january, we continue to rally. i wouldn't get in the way of the risk on sentiment seems very, very potent. after that, i get really concerned, indeed. i think the talks in the u.s. about the debt ceiling combined with spanish gdp coming out, my worries about german gdp, uk numbers at the end of this week, i think it is a rather unpleasant cocktail which is brewing. the last time, the story in the u.s. did stop the rally in its tracks. combined with bad news possibly later in th
its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades...
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Jan 17, 2013
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economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics, you look at the consumer confidence numbers which are beginning to roll a little bit, there is a danger that could take place and a lot will depend on the resolution. look at the vix and these low levels on this downward sloping trend line the pattern is very similar to april of 2011. i'm sure you all remember that the stock market held up a little bit longer and turned in may and then between may and august it dropped 22%. what was the biggest factor? the debt ceiling negotiations. >> tom the market really rolled over in the spring of 2011 because trichet
economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics,...
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Dec 2, 2013
12/13
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economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gave me a wink. he said there was going to be fights with the ministries. he didn't want to touch education or hurt welfare basically spending.
economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this...
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Jan 17, 2013
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you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing in japan and the japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going
you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing...
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Mar 7, 2013
03/13
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>> i think they'll look at the weakness of the economy and the economy for ongoing weakness and inflation not being very high or not as high as the central bank probably wants to have it. we think there is quite a decent chance of another round of qe, around 25 billion per quarter. however, after the small increase of the pmi readings, it is not certain to do it today. >> what does that mean for pound/sterling? is it because people are sniffing out the prospect that they're going to do more? i guess at this point, that would raise the odds of a disappointment if they don't. >> i think that is right. there's some expectation that it's lodged to come through. that probably contributes to further weakening of sterling not just against the dollar, but also against the euro. in that respect, if they don't act today, they may come from the decision and then we'll have to see how things develop and then i think it's just delay and further sterling weakening is coming along in the next couple of months, anyway. >> jergen, thanks very much for your time. in just a couple of hours, we'll get the po
>> i think they'll look at the weakness of the economy and the economy for ongoing weakness and inflation not being very high or not as high as the central bank probably wants to have it. we think there is quite a decent chance of another round of qe, around 25 billion per quarter. however, after the small increase of the pmi readings, it is not certain to do it today. >> what does that mean for pound/sterling? is it because people are sniffing out the prospect that they're going to...
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May 3, 2013
05/13
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it's a sick economy making sit sicker. just like if are you a drug addict, you take more drug, you feel better, but you are fought getting healthier. the cheap money is preventing the economy. >> i always wanted to figure out that drug thing. i've never gotten on to that ting yet. >> peter, at the end of the day, this is reality. this is where we are. the federal reserve is on qe infinity. that's the bottom line. just yesterday, they said, look, we can even increase it from here. this is the reality we face. whether or not this is a manufactured market or not, basically suggesting what you just said, you've got no alternatives to stocks. so why am i going to get from front of this trade? >> yes, you do. copper, look at the big move up in oil. >> copper? >> you can invest in foreign stocks. the dollar was actually softer today. but i know what the reality is. the reality is we are living in a bubble. all bubbles burst. it's unfortunate we didn't learn that lesson in 2008. we are about to learn a much bicker lesson. when thi
it's a sick economy making sit sicker. just like if are you a drug addict, you take more drug, you feel better, but you are fought getting healthier. the cheap money is preventing the economy. >> i always wanted to figure out that drug thing. i've never gotten on to that ting yet. >> peter, at the end of the day, this is reality. this is where we are. the federal reserve is on qe infinity. that's the bottom line. just yesterday, they said, look, we can even increase it from here....
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Apr 23, 2013
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french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst invest
french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and...
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Apr 26, 2013
04/13
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i think it depends on the economy, how the economy conditions are. but clearly, affected other central banks are taking further steps. it is a challenge for the cb. you have to look at monetary conditions not only in terms of what is happening in europe, but in what is happening in the rest world. you cannot just be the more conservative central bank. without taking into account the rest of the world. otherwise, the impact will be on the exchange rate and this is recessionary for europe. >> if you want to hear more of what he had to say to karen in that interview, head over to the website. check out the piece titled "europe should weaken its currency." speaking of which -- >> let's show you where we stand with european rates right now. euro/yen, 128.50. euro/dollar, 0.8436. euro/franc 1.2299. we started off that interview saying should we try and weaken the europe? it doesn't look like it's going to happen. >> as far as the euro is concerned, there are two very distinctive riding forces which are giving conflicting signals at the moment. you have the
i think it depends on the economy, how the economy conditions are. but clearly, affected other central banks are taking further steps. it is a challenge for the cb. you have to look at monetary conditions not only in terms of what is happening in europe, but in what is happening in the rest world. you cannot just be the more conservative central bank. without taking into account the rest of the world. otherwise, the impact will be on the exchange rate and this is recessionary for europe....
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Apr 16, 2013
04/13
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it's keeping the economy going, because the economy isself is experiencing anemic growth, but they're not looking at the negatives or glass half empty argument. that's as insurance, that's against a future inflation risk or uncertainty. the degree of liquidity we've created creates an inflation risk at some point. i can't tell you when. pressures in the immediatet term. they're out there. and i think investors have not focus the on that enough. equities, as long as corporate earnings hold up are a good place to be. yields are strong and the s&p -- >> michael, will worpt earnings hold up? that's the key. >> that's the $64,000 question. you know, you have concerns about slowing worldwide economic growth. you have concerns about u.s. growth. i mean, look at the latest gdp numbers. look at unemployment. so if growth slows in the united states or goes into recession, if the worldwide economy does continue to slow down, then corporate earnings will have a much harder time keeping up. that's what's keeping the foundation of stocks right now. so investors looking for stocks or yield or safe h
it's keeping the economy going, because the economy isself is experiencing anemic growth, but they're not looking at the negatives or glass half empty argument. that's as insurance, that's against a future inflation risk or uncertainty. the degree of liquidity we've created creates an inflation risk at some point. i can't tell you when. pressures in the immediatet term. they're out there. and i think investors have not focus the on that enough. equities, as long as corporate earnings hold up...
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Apr 29, 2013
04/13
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the air transportation system runs our economy. you can't go to london for a meeting if you can't fly there. the whole country came to a standstill. you need somebody who understands that. >> indeed. always great to have your commentary on our show. a positive sign for the spring home selling season. could it be better. give it to us, diana. >> demand is there. supply is not. that appears to be keeping sales less than robust. a contract did rise 1.5% month to month and up 7% from a year ago. sales are leveling off. and the numbers are even more dra mat nick some other markets. you can check out his recovery. listings are down 42% year over. 31% in minneapolis and down 30% year-over-year in charlotte. why? well several reasons. first, despite rising home prices, over 10 million or 22% of all properties with a mortgage were still in an underwater position at the end of 2012 according to core logic. add to that 11 million more that have less than 20% equity which makes a move up buy pretty pricey. >> the trade off market, while doing
the air transportation system runs our economy. you can't go to london for a meeting if you can't fly there. the whole country came to a standstill. you need somebody who understands that. >> indeed. always great to have your commentary on our show. a positive sign for the spring home selling season. could it be better. give it to us, diana. >> demand is there. supply is not. that appears to be keeping sales less than robust. a contract did rise 1.5% month to month and up 7% from a...
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Jan 19, 2013
01/13
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it's a better economy. how do you have a president, as you talked about, that has a jobs council that only meets once? >> i know. it's xwroerd. >> come on. >> many thanks. congressman greg walden. mr. walden, you get tonight's nobel prize for limited government, spending cuts and economic growth. you get the prize. it's a great pleasure to have you back. >> thank you very much. >> we're going to ask this question. will the gop be able to effectively rebrand itself? back with us is keith boykin, former clinton white house aide, mark simone, w.o.r. radio talk show host, and matt welch, "reason" magazine editor in chief. what do you think, mark simone? first of all, is the republican brand really in bad shape? >> yeah, it's in bad shape. the democrats are in bad shape, though, because they are flying so high right now. they are apple at 700. they'd better worry. these things go in cycles. it always goes in cycles. i'll tell you the first thing the republicans should do, get out of the abortion business. just t
it's a better economy. how do you have a president, as you talked about, that has a jobs council that only meets once? >> i know. it's xwroerd. >> come on. >> many thanks. congressman greg walden. mr. walden, you get tonight's nobel prize for limited government, spending cuts and economic growth. you get the prize. it's a great pleasure to have you back. >> thank you very much. >> we're going to ask this question. will the gop be able to effectively rebrand itself?...
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Dec 3, 2013
12/13
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it goes back to whether or not you're going to have a ton of money or the economy is going to improve and the charts look great. >> guess who owns ferrari? >> fiat. >> and it gets back to the whole thing with tesla. >> and then you took a tone down a little bit. very nice, tim. all right. brand new data showing that cyber monday was the largest online shopping day in history and the biggest growth came from a surprising sector. we are joining you now to break down the numbers. >> glad to be here. >> which sector was the surprise? >> i'm sorry? >> which sector was the surprise? >> i think what has been a surprise for i think everybody with the season which is a little challenging, given how short the season is this year is whether or not retailers are able to extend the season by pulling buying forward. it looks like that worked pretty well online but i think there is some evidence that it didn't work as smoothly in the afterline world. >> what kind of retailer gained the most? >> the discounters are up strongly. and amazon is gaining share as it typically does. so their growth rates a
it goes back to whether or not you're going to have a ton of money or the economy is going to improve and the charts look great. >> guess who owns ferrari? >> fiat. >> and it gets back to the whole thing with tesla. >> and then you took a tone down a little bit. very nice, tim. all right. brand new data showing that cyber monday was the largest online shopping day in history and the biggest growth came from a surprising sector. we are joining you now to break down the...
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Apr 25, 2013
04/13
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the thing is i look across the economy i see a slow growth, no growth economy. we're seeing growth in e-commerce, continued in intermodal, that's moving trucks off the road onto the rail and in fracking. and bringing kids to work. i brought mine as well. say hi. >> all right. awesome. what's his name? >> this is john. say hi, joe. >> hey, john, what's going on? what do you think? your dad is a tv star. how do you play fracking the best way in the transportation stock? >> fracking is changing the entire landscape. we like european pacific. they own the biggest franchise of connections to the chemical plants in the gulf coast. the cheap feed stock of natural gas going to the chemical plants means the oil out of the balance cans, they are producing chemicals, plastic. now the cheapest place in the world to make plastic. and that is big boom for union pacific. and you can see it in their chart. it continues to grow. it continues to produce more cash, more shareholder returns. it's been on a tear. >> unbelievable. >> it's only just beginning. >> i remember that in 60
the thing is i look across the economy i see a slow growth, no growth economy. we're seeing growth in e-commerce, continued in intermodal, that's moving trucks off the road onto the rail and in fracking. and bringing kids to work. i brought mine as well. say hi. >> all right. awesome. what's his name? >> this is john. say hi, joe. >> hey, john, what's going on? what do you think? your dad is a tv star. how do you play fracking the best way in the transportation stock? >>...
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686
Apr 23, 2013
04/13
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>> and the market does well when you're in a low economy. when real gdp is growing at 6% or higher, the market actually declines 4% per annum. however, when we're negative, minus 2%, we grow at about 30% per annum in the market. so right where we are right now, you grow at about -- you chug along at about 9% per annum or 2%. so this is a sweet spot for the economy, and the fed keeps defending, every time we slow down, they come in, qe2, qe3, the economic indicators were starting to bowl over and they're playing defense to prevent against a double-dip recession. >> and the economic numbers are not that great right now, so how do you justify investing in the market knowing, you say market goes up in a slow economy, but what if they're exceeding earnings growth expectations? >> also, when earnings are slower, the market does better. when they grow really fast on an overall basis, that's another time when the market discounts and turns down. so we're in a sweet spot right now for the market. >> one more question to matt cheslock before we let yo
>> and the market does well when you're in a low economy. when real gdp is growing at 6% or higher, the market actually declines 4% per annum. however, when we're negative, minus 2%, we grow at about 30% per annum in the market. so right where we are right now, you grow at about -- you chug along at about 9% per annum or 2%. so this is a sweet spot for the economy, and the fed keeps defending, every time we slow down, they come in, qe2, qe3, the economic indicators were starting to bowl...
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Jan 16, 2013
01/13
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a new day for the president and he will have to decide whether to use that authority to rescue the economy from catastrophe. i can see why the president would be restrained on it. he wants to negotiate number one. he wants congress to be responsible, number two. you know, in the past, the debt ceiling was an opportunity for grand standing by both parties. in fact, senator obama voted against the debt ceiling increase. but it's been weaponized now. it has gone beyond grand standing into lectures on fiscal responsibility to justify -- go ahead. >> i see that and i absolutely -- i understand that. but one of your colleagues yesterday, tom grays of georgia, says the president is wrong to think that the debt ceiling increase is a rubber stamp. those days are over. this is one of the last stop signs left and congress should use it. can't you see why some members of congress and many people in the general population feel that way. i mean, why -- you know, they feel, we have tried everything else but we can't get congress, washington, to listen to the imperatives on spending cuts and so, can't you
a new day for the president and he will have to decide whether to use that authority to rescue the economy from catastrophe. i can see why the president would be restrained on it. he wants to negotiate number one. he wants congress to be responsible, number two. you know, in the past, the debt ceiling was an opportunity for grand standing by both parties. in fact, senator obama voted against the debt ceiling increase. but it's been weaponized now. it has gone beyond grand standing into lectures...
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Mar 22, 2013
03/13
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we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and pursuit of happiness is done best through the free market capitalist system. >> i agree with you, larry. i don't know what stanford is doing. obviously they can do what they want because they are a private university and we have freedom of speech but i certainly would encourage the teaching of capitalism on campus. but i think you're all on a different planet. liberals are very supportive of capitalism. and this notion that somehow that the whole country has become anti-capitalist is not true. >> dave horowitz the congress man believes liberals a
we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and...
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Feb 22, 2013
02/13
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so it's always relevant to economies in europe. they are facing an overshoot of the exchange rate, but it is too high for their purpose. that is going to bring the tension back into euro net. >> and speaking of italy, we79 to remind folks what else is coming up on today's program. the final countdown is under way for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had
so it's always relevant to economies in europe. they are facing an overshoot of the exchange rate, but it is too high for their purpose. that is going to bring the tension back into euro net. >> and speaking of italy, we79 to remind folks what else is coming up on today's program. the final countdown is under way for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is...
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100
Sep 23, 2013
09/13
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eye 100
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but as the economy of the u.s. and the rest of the world strengthens, as the financial system continues to heal, my guess is interest rates a year from now are higher than they are. so be careful of duration and maturity, other than for a trade. own spread products where you can have reduction in credit spreads. >> what's byour best idea going into third quarter earning season? >> i want to own industrial stock and aerospace defense in particular. i think they'll give us good noobs and the stocks are cheap. >> we'll take a look. good to talk with you, as alleg always. thanks. are you tired of intiching off your electronic device before takeoff and landing? i am. faa is easing the guidelines for in-flight usage of electronic devices. >>> and hitching across country in a volkswagen. the way of mood rings and earth shoes. have you done that? we'll talk about it next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from expe
but as the economy of the u.s. and the rest of the world strengthens, as the financial system continues to heal, my guess is interest rates a year from now are higher than they are. so be careful of duration and maturity, other than for a trade. own spread products where you can have reduction in credit spreads. >> what's byour best idea going into third quarter earning season? >> i want to own industrial stock and aerospace defense in particular. i think they'll give us good noobs...
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56
Feb 5, 2013
02/13
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eye 56
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fool economy is selling. how much more do you want to pay to introduce that. >> a trust fund millionaire driving around in a prius, i'm saving the environment. >> if they are comfortable with it, it's there for them. >> i have a question on boeing and dreamliner investigation. i understand boeing wants to do test flights. it wants to go up in the air and try and solve what the problem is up there. >> yeah. they formally have asked faa tore permission to lift for test flights of their planes not with the airlines. i suspect the faa will grant this request because ultimately they need to get these planes in the air to do more battery tests, mandy. when you think about it, they are always putting these approvals, if you will, for flying test aircraft. boeing does it all the time. faa approves it all the time. i suspect they will go to the faa with enough data to say we need to get to the level of testing these batteries in flight to see if there are certain things that happen in flight that don't happen on the g
fool economy is selling. how much more do you want to pay to introduce that. >> a trust fund millionaire driving around in a prius, i'm saving the environment. >> if they are comfortable with it, it's there for them. >> i have a question on boeing and dreamliner investigation. i understand boeing wants to do test flights. it wants to go up in the air and try and solve what the problem is up there. >> yeah. they formally have asked faa tore permission to lift for test...
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107
Dec 2, 2013
12/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. >>> >>> deutsche bank put a price target on marathon citing strong portfolio among other things, it saw excellent fourth quarter refining -- so mpc shares certainly taking a rise. >>> thanks, dom. let's just check the rest of the markets for you
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he...
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119
Dec 30, 2013
12/13
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the economy in the u.s. continues to improve. no doubt about that. we appear to be on a path to a self-sustaining virtual cycle of growth. when we look overseas europe is growing off that bottom. emerging markets are not getting worse. there's a lot of positive signs. when i look -- i have a bias. when i look at large cap stocks, the large cap segment of the market looks very cheap. there's still real opportunities for stocks that haven't priced in that perfection, that definite growth. >> as the fed does gradually step away from the market we'll be increasing having to focus on the fundamentals. is the market strong enough to stand on its own two legs next year >> that's what the fed has done. the fed has been buying time. encouraging the housing market. encouraging the employment market. if we can get to the point where the markets can stand on their own two feet. we've done something interesting. we've pivoted from where bad news economically is good news for the market to more recently where good news economically is good news for the market. tha
the economy in the u.s. continues to improve. no doubt about that. we appear to be on a path to a self-sustaining virtual cycle of growth. when we look overseas europe is growing off that bottom. emerging markets are not getting worse. there's a lot of positive signs. when i look -- i have a bias. when i look at large cap stocks, the large cap segment of the market looks very cheap. there's still real opportunities for stocks that haven't priced in that perfection, that definite growth....
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Jan 30, 2013
01/13
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the economy is still weak. i disagree that the medicine they want to continue to address the weakness is working. i continue to say that if you have structural issues and you apply cyclical-type band-aids you're going to end up with a lot of debt but not a lot of growth. if you look at the next couple of charts, this says it all, i think. we're all trying to dismiss this number. here's real, not nominal, real government consumption expenditures going back to '07 pre-crisis, and you can see that they really ramped up. now, if you go back
the economy is still weak. i disagree that the medicine they want to continue to address the weakness is working. i continue to say that if you have structural issues and you apply cyclical-type band-aids you're going to end up with a lot of debt but not a lot of growth. if you look at the next couple of charts, this says it all, i think. we're all trying to dismiss this number. here's real, not nominal, real government consumption expenditures going back to '07 pre-crisis, and you can see that...
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Jan 17, 2013
01/13
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there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income.
there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown...
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Mar 13, 2013
03/13
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we're expecting the global economy to grow over 3% this year. it's a reflection of our view that the back end of 2013 will be loaded with economic growth. that would really benefit the cyclical stocks. >> we will see that next month. >> thank you very much. we are waiting for the 115 cardinals to tell us whether they have picked a new pope. that sea gull has left the chimney there. it is nighttime in rome. white smoke indicates they have reached a consensus with 2/3 plus one voting for a new leader of the roman catholic church. black smoke? no decision. at this time we are just watching and waiting along with the rest of you. >> and the man behind the dennis rodman, kim jong-unmeeting is part of our power meeting when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, t
we're expecting the global economy to grow over 3% this year. it's a reflection of our view that the back end of 2013 will be loaded with economic growth. that would really benefit the cyclical stocks. >> we will see that next month. >> thank you very much. we are waiting for the 115 cardinals to tell us whether they have picked a new pope. that sea gull has left the chimney there. it is nighttime in rome. white smoke indicates they have reached a consensus with 2/3 plus one voting...
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Jan 17, 2013
01/13
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first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or pay $2,000 on to $3,000 penalty. businesses of all sizes are searching for ways to cope with the law, and the easiest way to avoid paying expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they are more likely to hire temp employees. you will have try to have fewer than 50 full-time em
first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being...
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Jan 17, 2013
01/13
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the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of the news media coverage around it. we see more details on the exact urbanization probably in march or april, but at this point i think there's numerous ways to go. the obvious interpretation is more infrastructure investment, but other than the, premier to be has been very focused on the social safety net issues as well, saying he needs to migrate more people into the urban areas. you need to provide better health care and better social housing, so don'tunder estimate what we might see. >> another long-term issue is basic manufacturing is starting
the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of...
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Feb 22, 2013
02/13
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economy. >> no. except now we get to introduce the volatility and the uncertainty related to the sequester. as we were talking about off camera with becky, macro economic advisers who seem to be the barometer for this right now have it hitting gdp like 0.6%. if you're optimistic for the full year you've got to cut that on your forecast. while that may not be the same as a european inspired decline it's enough to push the fed further off the future isn't it not? >> it's certainly a drag. but i think it will be probably a smaller drag than macro advisers, they tend to overstate in my view. >> burt you're listening. where do you come down on this? >> i agree with this. i think 2.5% is about right. you know, the consumer is chugging along here okay. business spending is accelerating and that's certainly really good news. the real danger here for me is europe. you know, the bad news out of spain with the budget deficit. you know, i don't know who's taking these german competence surveys, but clearly senti
economy. >> no. except now we get to introduce the volatility and the uncertainty related to the sequester. as we were talking about off camera with becky, macro economic advisers who seem to be the barometer for this right now have it hitting gdp like 0.6%. if you're optimistic for the full year you've got to cut that on your forecast. while that may not be the same as a european inspired decline it's enough to push the fed further off the future isn't it not? >> it's certainly a...
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611
Mar 22, 2013
03/13
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. >> in terms of longer term, do you think this economy improves second half or do you think it slows down? >> i think, as a matter of fact, we're probably in the second quarter. you'll start seeing slow growth. but i think as this summer winds, you know, goes through, we'll start seeing some growth again. i do think that by the end of the year, we're going to be not a lot higher, but i think we'll be at all-time highs as the year goes on. probably the the end of the summer, the third quarter going into the fourth quarter. i'm positive. >> so bill, because the s&p capital iq estimates call for 0.6% growth the first quarter and then it goes up to 7%. so they're expecting profits to actually reaccelerate second half. >> lee munson, you're the only outside guest buying stocks here. what are you buying here? >> you know, i'm just focusing where i need to get some more exposure. i'm focusing first on emerging markets. they've lagged year-to-date. i think they can outperform by december 31st. i like the emerging markets to add more money today. i would also say, add more money to the s&p 50
. >> in terms of longer term, do you think this economy improves second half or do you think it slows down? >> i think, as a matter of fact, we're probably in the second quarter. you'll start seeing slow growth. but i think as this summer winds, you know, goes through, we'll start seeing some growth again. i do think that by the end of the year, we're going to be not a lot higher, but i think we'll be at all-time highs as the year goes on. probably the the end of the summer, the...
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May 28, 2013
05/13
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and construction is a major driver of the economy. home sales are not. >> when you look at this, buying and selling existing homes is very nice, we all feel good, the prices are going up, it doesn't add anything to gdp. >> still, price gains do give consumers more home equity and therefore, more potential spending power. home prices were up 10.3% and 10.9% from a year ago in march, in the top 10 and top 20 markets. prices were also up over 10% nationally in q1. when you talk about housing juicing the economy, you have to remember that it is the fed's intervention in a bad economy that juiced housing in the first place. >> without low mortgage rates, you know, the housing market would not have had near the recovery that it's had. so it's really been that combination, you know, in a sense, a real potent brew of very low mortgage rates, which has helped keep demand high. and that's meeting constraint and supply, which constraint is being helped by this negative equity. >> that takes away pricing power, but it's unlike to have a major eff
and construction is a major driver of the economy. home sales are not. >> when you look at this, buying and selling existing homes is very nice, we all feel good, the prices are going up, it doesn't add anything to gdp. >> still, price gains do give consumers more home equity and therefore, more potential spending power. home prices were up 10.3% and 10.9% from a year ago in march, in the top 10 and top 20 markets. prices were also up over 10% nationally in q1. when you talk about...
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Mar 5, 2013
03/13
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the economy is going to slow and likely have slow earnings growth in the future, a slow economy. that's a major point. as far as europe is concerned, i don't think the swan is back, it's beige at best. in other words, it is happening. it is not an improbable event. i think i put out a piece and compared with what happened in november 2007 when i looked for a recession which seemed outlandish. october 9th, we had just hit then the highest peak and turned out the stock market was rising even as the recession had begun. so you don't get a signal at all from what you say. >> i will actually go with mandy's own argument to be honest with you, because of number three and my reasons, which is the fake fed led market. the fed indicated they have not taken their foot off the gas pedal any time soon. they are still incredibly easy. history is littered with people who tried to fight the fed and lost. >> i agree with you. i think the fed is an entity you don't want to fight. that's why compared with 2007, 2008 when the rally lasted for about nine months longer after the economy went into a r
the economy is going to slow and likely have slow earnings growth in the future, a slow economy. that's a major point. as far as europe is concerned, i don't think the swan is back, it's beige at best. in other words, it is happening. it is not an improbable event. i think i put out a piece and compared with what happened in november 2007 when i looked for a recession which seemed outlandish. october 9th, we had just hit then the highest peak and turned out the stock market was rising even as...
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Jan 22, 2013
01/13
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slow growth world economy. again, reflecting slow growth overall. i think they had strong numbers when it came to agency. some of those numbers up by 18%. volume was driven by agriculture with robust tales in latin america and a strong selling to the north american selling season along with increases in asia pacific for performance materials, electronics and communications and performance chemicals. >> the stock was higher a year and a half ago or so. but in terms of the last year, it's getting -- it's sort of the in the mid point of the trend. coming back, at least trying to get back to where it was earlier. all-time highs are at about 58. >> in corporate headlines, more developments in the boeing story. there are indications now that the dream liner could stay grounded longer than initially anticipated. investigators turning to the maker of the lithium ion batteries that are used in the planes. that is gsyausa. investigators visited the batterymaker yesterday. shares of boeing have started getting to the low
slow growth world economy. again, reflecting slow growth overall. i think they had strong numbers when it came to agency. some of those numbers up by 18%. volume was driven by agriculture with robust tales in latin america and a strong selling to the north american selling season along with increases in asia pacific for performance materials, electronics and communications and performance chemicals. >> the stock was higher a year and a half ago or so. but in terms of the last year, it's...
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Apr 26, 2013
04/13
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>>>-up next, new economy, same old passion. it turns out that today's entrepreneurs are motivated by the same thing that drove those of days gone by. up next, the final installment of my special series on the so-called sharing economy. stick around. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> what does it take to ma
>>>-up next, new economy, same old passion. it turns out that today's entrepreneurs are motivated by the same thing that drove those of days gone by. up next, the final installment of my special series on the so-called sharing economy. stick around. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your...
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Jan 16, 2013
01/13
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if you believe the economy is stable which we do. i still think the high yield market will generate couponed return this year. maybe a touch better. quite frankly we'd love to see spreads widen out a little bit. we've had quite a rally at the beginning of the year, actually toward the end of last year into the beginning of the year. we'd love to see it back up a bit to create better value in the high yield market. i still think it's going to be a good year especially if we believe equities are going to have a solid performance. >> enis? >> enis taner. you mentioned global markets the yields coming down. what do you think about emerging market bonds? i know you've mentioned you like them. but the yield differential between developed markets and emerging markets is certainly compressed in the last year. >> yeah, yeah. enis, the story is everything compressing in the last year. it is -- searching out opportunity becomes the upside is limited given where spreads have gone to. we do think, though, that there are still -- you're seeing in
if you believe the economy is stable which we do. i still think the high yield market will generate couponed return this year. maybe a touch better. quite frankly we'd love to see spreads widen out a little bit. we've had quite a rally at the beginning of the year, actually toward the end of last year into the beginning of the year. we'd love to see it back up a bit to create better value in the high yield market. i still think it's going to be a good year especially if we believe equities are...
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Jan 18, 2013
01/13
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this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in terms of gdp or for industrial output and everything else that we saw today looks as though it's point to go a rebound for the chinese economy. although the big question is whether or not this is a full blown recovery and we just don't have those answers yet. kelly. >> eunice, thanks very much recording in from the evening in beijing. you can see the increase in smog we've been seeing all week there. for more on what's happening in china, lewis patz. welcome. thank you so much for your time today. let's start, because as we just heard from eunice, there's a sense that maybe if the decimal point doesn't tell you the whole story, it does add to the feeling growth is turning around. do you expect in 2013 that we see a pick up in china? >> yes. i do think that 2013 as a whole will look better than 2012 did. we started 2012 very weak. we ended 2012 a bit better and we enter 2013 stronger. so it's that momentum that reall
this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in terms of gdp or for industrial output and everything else that we saw today looks as though it's point to go a rebound for the chinese economy. although the big question is whether or not this is a full blown recovery and we just don't have those answers yet. kelly. >> eunice, thanks very much recording in from the evening in beijing. you can see the increase in smog we've been seeing all...
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Jan 18, 2013
01/13
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Apr 30, 2013
04/13
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economy get back to a sustained growth rate? >> well, i think we need some, you know, some real commitment to free markets, real commitment to balance sensible regulations. not just more regulation. a commitment to having a competitive tax structure. right now we hear over and again that's an issue for american based multinationals and people looking to invest their capital here. i also think we need to focus on promoting an eco system for investment. we want investors to come here, allocate their capital to the united states to go and create wealth and build value. >> so that means supporting small business, supporting business so they do invest in innovation? >> we want to be the destination for entrepreneurial investment. we've got to talk to small business people. we know that the job generators, innovation breeds jobs. >> eric cantor, great to have you on the program. i know we wanted to have more time. we hope you'll come back and join us for an extended interview. that'll do it for "closing bell." thanks so much for being
economy get back to a sustained growth rate? >> well, i think we need some, you know, some real commitment to free markets, real commitment to balance sensible regulations. not just more regulation. a commitment to having a competitive tax structure. right now we hear over and again that's an issue for american based multinationals and people looking to invest their capital here. i also think we need to focus on promoting an eco system for investment. we want investors to come here,...